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Industrial progress would undoubtedly be slower under state-control, because the very object of such control is to divert a larger proportion of human genius and effort from these occupations in order to apply them in producing higher forms of wealth.

— J. A. Hobson The Evolution of Modern Capitalism: A Study of Machine Production (1906)

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More quotes by J. A. Hobson

History does not show greed of gain as the motive of the great steps in industrial progress.

The Evolution of Modern Capitalism: A Study of Machine Production (1906)

This new and enlarged edition of The Evolution of Modern Capitalism contains additions and alterations so great as to constitute it in effect a new book.

The Evolution of Modern Capitalism: A Study of Machine Production (1906)

Economic nationalism means protective and discriminative tariffs, and a conservation of national, imperial or allied resources within a circle of favored beneficiaries.

The Morals of Economic Internationalism (1920)

On what a slippery slope ...international morality reposes.

The Morals of Economic Internationalism (1920)

Perhaps the worst of the three fallacies, and in a sense the deepest-rooted, is the concept of export trade as of more value than import trade.

The Morals of Economic Internationalism (1920)

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